Lao kip cayman islands dollar exchange rate history (LAK KYD) December 2023

Lao kip cayman islands dollar history for December 2023. The highest quote for this month is 0.00004 (02/12/2023) and the lowest 0.00004 (01/12/2023). The difference between high and low is 0.

LAK KYD average rate for December 2023 is 0.00004, the change between 01/12/2023 and 31/12/2023 is 0 %.

01 December 2023	1 LAK = 0.0000 KYD
02 December 2023	1 LAK = 0.0000 KYD
03 December 2023	1 LAK = 0.0000 KYD
04 December 2023	1 LAK = 0.0000 KYD
05 December 2023	1 LAK = 0.0000 KYD
06 December 2023	1 LAK = 0.0000 KYD
07 December 2023	1 LAK = 0.0000 KYD
08 December 2023	1 LAK = 0.0000 KYD
10 December 2023	1 LAK = 0.0000 KYD
11 December 2023	1 LAK = 0.0000 KYD
12 December 2023	1 LAK = 0.0000 KYD
13 December 2023	1 LAK = 0.0000 KYD
14 December 2023	1 LAK = 0.0000 KYD
15 December 2023	1 LAK = 0.0000 KYD
16 December 2023	1 LAK = 0.0000 KYD
17 December 2023	1 LAK = 0.0000 KYD
18 December 2023	1 LAK = 0.0000 KYD
19 December 2023	1 LAK = 0.0000 KYD
20 December 2023	1 LAK = 0.0000 KYD
21 December 2023	1 LAK = 0.0000 KYD
22 December 2023	1 LAK = 0.0000 KYD
23 December 2023	1 LAK = 0.0000 KYD
24 December 2023	1 LAK = 0.0000 KYD
25 December 2023	1 LAK = 0.0000 KYD
26 December 2023	1 LAK = 0.0000 KYD
27 December 2023	1 LAK = 0.0000 KYD
28 December 2023	1 LAK = 0.0000 KYD
29 December 2023	1 LAK = 0.0000 KYD

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.

Historic Lao kip Cayman Islands dollar